How All 50 States Are Taxing Retirees In 2021

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25.Mississippi: tax-friendly

The living can be sweet in the Magnolia State for retirees.

  • The State Income Tax Range is 3%(on taxable income from $3,001 to $5,000)- 5%(on taxable income over $10,000);
  • The Average Combined State and Local Sales Tax Rate is 7.07%;
  • The Median Property Tax Rate is $787/$100,000 of assessed home value;
  • No Estate Tax or Inheritance Tax.

26.Missouri: mixed

Missouri’s state sales tax rate is very low, but local sales tax rates can be very high. In conclusion, sales tax levies in Missouri are above average.

  • The State Income Tax Range is 1.5%(on taxable income of $107 or more)- 5.4%(on more than $8,584 of taxable income);
  • The Average Combined State and Local Sales Tax Rate is 8.25%;
  • The Median Property Tax Rate is $930/$100,000 of assessed home value;
  • No Estate Tax or Inheritance Tax.

27.Montana: tax-friendly

The Treasure state is one of the five states that don’t require retirees to pay a general state sales tax.

  • The State Income Tax Range is 1%(on up to $3,100 of taxable income)- 6.9%(on taxable income over $18,700);
  • There is no Average Combined State and Local Sales Tax Rate;
  • The Median Property Tax Rate is $831/$100,000 of assessed home value;
  • There is no Estate Tax or Inheritance Tax.

28.Nebraska: not tax-friendly

Nebraska’s median property tax rate is the ninth-highest in the country.

  • The State Income Tax Range is 2.46%(on up to $3,290 of taxable income for single people and $6,570 for married couples)-6.84% (on taxable income over $31,750 for single filers and $63,500 for married couples);
  • The Average Combined State and Local Sales Tax Rate is 6.94%;
  • The Median Property Tax Rate is $831/$100,000 of assessed home value;
  • There is no Estate tax, but there is an Inheritance tax.
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